Common use of Operating Lease Clause in Contracts

Operating Lease. The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

Appears in 15 contracts

Sources: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.)

Operating Lease. The parties hereto intend that this Lease Agreement shall be deemed for all purposes to be an operating lease and not a capital lease.

Appears in 2 contracts

Sources: Lease and Operating Agreement, Lease and Operating Agreement (Nevada Property 1 LLC)